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Cryptocurrencies have shown the world a new way of paying for goods and transferring money using an international currency unconstrained by national boundaries and national politics. A new democratise...
An industry has built up due to the inability of banks to work together directly. PayPal ($70.7B) first came into existence to add a layer of ease and security to the card schemes because the card sc...
There has been a huge amount written about PSD2 recently and much of it appears to be, with the greatest respect, over complicating the issue. Very fundamentally, to provide for all of the requireme...
Credit unions have been a hot topic for me this week. I have had two completely independent conversations with people about them. On Tuesday night I met a chap from the US at an investor summit who me...
In recent years there have been a significant number of new "neo-banks" or "challenger banks" launched with much hype, here in the UK. Many of these appear to have been brought to ...
There has been much talk recently about how card payments will replace cash altogether in the future. I have talked previously about my opinion that the card schemes (Visa, MasterCard, Amex etc)
As mentioned in my previous blog there is much that's wrong with the existing payment networks, but it is always easy to criticise what others have done and rather more difficult to provide a solutio...
“The current payment networks available to the financial institutions around the world are no longer fit for purpose.” I think that this is a statement that has been generally agreed by all those invo...
In the early 2000s when the internet was still young, Visa, MasterCard and the other major payment card schemes had a choice. They could create a system that made using credit/debit cards on the inter...